Krugman Falls into the Keynesian Accounting Trap
In the real world, erecting higher trade barriers will reduce economic output in both countries, whereas reducing trade barriers will lead to greater output.
In the real world, erecting higher trade barriers will reduce economic output in both countries, whereas reducing trade barriers will lead to greater output.
We are going to have world central planning in order to control the climate and protect the holy earth from the effects of industrialization. Oh, and tax us good and hard in the process.
The entire Keynesian edifice rests on a central paradox: impeding the central mechanism of the free market will restore prosperity.
The expansion of the welfare state is used to legitimize the expansion of the corporatist-warfare state. We march towards slavery, accompanied by songs of fairness and change.
"Mandated recycling exists mainly because there is plenty of money to be made by labeling products as "green" or "recycled" to get municipal and federal grants."
The false belief that unions exercising the threat of strikes upon employers improve the welfare of labor is analyzed thoroughly and the conclusion is obvious.
Recorded at the Mises Circle in Newport Beach, California, on November 14th, 2009. Sponsored by Louis E. Carabini.
"We cannot compete against you in markets because you exert control over our entry into markets."
"I just want to caution Austrian and libertarian readers not to assume that anyone who 'thinks global warming is a big hoax' is automatically a great scholar.